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Trump "Hired"
to Develop Southern Indiana Casino
French Lick, Ind. (July 20, 2004) – The Indiana Gaming Commission has accepted a
proposal from Trump Hotels & Casino Resorts (THCR) (NYSE: DJT)
to build and operate a casino in Orange County Indiana. Construction
on Indiana’s eleventh casino will begin later this year with a
projected opening date in early 2006.
"We are anxious to begin work on this new project and
partnership in Orange County," said Donald J. Trump, president,
chairman and CEO of Trump Hotels & Casino Resorts. "In keeping
with our hard-earned reputation for exceptional facilities and
unequaled service, we look forward to creating a gaming facility and
vacation destination that is first class in every way."
Earlier this year, THCR proposed the construction of a
riverboat-style gaming facility in Orange County. The Trump plan
includes financial support for improvements to area landmarks
including the West Baden Springs Historical Landmark; French Lick
Springs Resort and Spa; and the Indiana Railway Museum. In addition
to an up-front contribution of several million dollars, THCR will
allocate a percentage of casino revenues to the community to assist
in ongoing local renovation and development.
THCR is a seasoned Indiana business having operated a
casino property in Gary, Ind., since 1996. In addition to creating a
successful business, Trump Casino Hotel draws nearly 80 percent of
its employees from the local county and has contributed millions of
dollars to neighboring communities for civic, safety and
entertainment projects as well as student scholarships.
The designs for the restoration and new construction
will preserve and enhance the history of Orange County and create a
marketable vacation destination to restore the flow of visitors who
flocked to the region’s mineral springs and other attractions in the
early 1900s. The plan also includes potential enhancements to the
area’s world-class golf courses to be led by southern Indiana native
and former Masters and U.S. Open champion Fuzzy
Zoeller.
"Orange County has a rich history of tourism and
gaming," said Mark Brown, chief operating officer of Trump Hotels
& Casino Resorts. "We look forward to partnering this new gaming
facility with the existing landmarks and attractions to create a
vacation experience that will be unmatched in this part of the
country."
Orange County is located in the south central portion
of Indiana between Indianapolis and Louisville, Ky. It encompasses
the towns of French Lick, Orleans, Paoli and West Baden. Area
residents lobbied state legislators for several years in an attempt
to obtain a casino license for the economically depressed region.
After the Indiana General Assembly approved the license in 2003,
Orange County voters confirmed it with a referendum vote in the
November election.
"Expanding our operations and brand into Orange County
represents an important step in broadening the geographic presence
of our company," said Scott Butera, executive vice president and
director of corporate and strategic development for THCR.
"The people of Orange County and the surrounding areas
have worked very hard to get to this point," said Brown. "Now it’s
our turn to get to work on the construction, opening and ongoing
operation of a world-class gaming facility."
About Trump Hotels & Casino
Resorts
THCR is a leading gaming company that owns and
operates four properties with a fifth property currently under
development. THCR also manages one property under the Trump brand
name. THCR's owned assets include Trump Taj Mahal Casino Resort and
Trump Plaza Hotel and Casino, located on the Boardwalk in Atlantic
City, N.J.; Trump Marina Hotel Casino, located in Atlantic City's
Marina District; and the Trump Casino Hotel, a riverboat casino
located in Gary, Ind. THCR recently obtained the rights to build and
operate a casino in Orange County Indiana that is projected to open
in 2006.
In addition, the Company manages Trump 29
Casino, a Native American owned facility located near Palms Springs,
Calif. Together, the current properties comprise approximately
451,000 square feet of gaming space and 3,180 hotel rooms and
suites. The Company is the sole vehicle through which Donald J.
Trump conducts gaming activities and strives to provide customers
with outstanding casino resort and entertainment experiences
consistent with the Donald J. Trump standard of excellence. THCR is
separate and distinct from Mr. Trump's real estate and other
holdings.
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